Updated about 2 years ago on . Most recent reply
First Fix and flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $100,000
Cash invested: $50,000
Our first flip. 4 bedroom 2.5 bath on 5.35 acres. Bought for 100k and hoping to list it within the next few months for 250k+
How did you find this deal and how did you negotiate it?
Found it through a wholesaler. Negotiated from 125k to 100k cash
How did you finance this deal?
Cash. Personal loan
Lessons learned? Challenges?
It takes much longer than you think. Find a good contractor right away.
